Marginal Cost Is Equal to

question 282

Multiple Choice

Marginal cost is equal to

• A) total cost divided by output.
• B) output divided by total cost.
• C) the change in total cost divided by the change in total revenue.
• D) the change in total cost divided by the change in output.

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Definitions:

Genital Stage

A phase in Freud's theory of psychosexual development, occurring in adolescence, where the libido is focused on the genitals and the individual develops sexual relationships.

Freudian Period

A phase in Sigmund Freud’s career or the historical period influenced by Freud’s theories and methodologies in psychoanalysis.

Puberty

The phase in human development during which adolescents undergo physical and hormonal changes that lead to sexual maturity.

Fixation

A persistent focus of the id’s pleasure-seeking energies at an earlier stage of psychosexual development, leading to unbalanced personality and behaviors.